Latest News
Crypto sleuths join hunt for $1.5bn stolen in biggest ever heist
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A company which fell victim to what’s thought to be the world’s biggest ever theft is seeking to recover some of its losses by crowdsourcing online bounty hunters.
Last week, hackers believed to be from North Korea’s notorious Lazarus Group stole $1.46 billion of cryptocurrency from ByBit, a crypto trading platform.
The criminals are trying to rapidly cash out the hoard through a complex online money laundering process.
ByBit is now offering cash rewards to anyone who spots and prevents them from cashing out.
“Join us on war against Lazarus” the company’s CEO Ben Zhou posted online with a link to a new website offering a bounty to anyone who can help.
Cryptocurrencies are stored in public wallets anyone can look up so it’s possible to follow the money as the criminals split it into smaller chunks and send it through various channels to obscure its origins.
The new website has a live leader board showing companies and individuals who have successfully located some of the coins.
The bounty scheme gives 5% of the sum identified to individuals who successfully persuade a company that has control of the funds to freeze the money.
It’s also awarding 5% to the companies that take action.
The website is already displaying millions of dollars in payments to successful crypto sleuths.
“We have assigned a team to dedicate to maintain and update this website, we will not stop until Lazarus or bad actors in the industry is eliminated,” Mr Zhou said.
Crypto investigation firm Elliptic described it as a “really positive innovation.”
“There are a lot of very talented blockchain investigators out there who will now be motivated to track down these stolen funds, and to help to seize them,” said Tom Robinson, from Elliptic.
However Louise Abbott, crypto fraud partner at Keystone Law, suggested the heist would still “negatively impact the perception of trust” in what she said was already a “volatile” industry.
“If such a hack can occur on this scale in the world’s second largest exchange, it can certainly happen again,” she said.
There are no authorities such as central banks or regulators involved in crypto transactions which means anyone who falls victim to criminal behaviour does not have an obvious body to turn to for help.
That’s left ByBit reliant on the goodwill of other crypto companies to act on their behalf. Not all have.
ByBit’s website is keeping track of crypto firms that don’t respond to requests for help.
One exchange called eXch is apparently refusing to cooperate.
According to researchers at crypto investigators Elliptic, eXch is a platform notable for allowing its users to swap crypto-assets anonymously.
In a blog post Elliptic alleges that “hundreds of millions of dollars in crypto-assets derived from criminal activity, including multiple thefts perpetrated by North Korea” have been successfully laundered through the service.
So far $75m from the ByBit hack has been tracked flowing through the website, according to analysis.
EXch has not responded to BBC requests for comment.
ByBit is promising to open up it’s new bounty website to other victims of the prolific North Korean hacking group.
The site has a logo of North Korean leader Kim Jong Un’s hair with a knife through it.
Crypto investigators around the world have attributed the hack to the group which has been blamed for around $6bn of crypto thefts in recent years.
Researchers say the stolen funds are used by the hermit state to skirt international sanctions and develop its military powers.
North Korea has never admitted to being responsible for the Lazarus Group.
[BBC]
Foreign News
Hamas hands over four bodies
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Hamas has handed over what it says are the bodies of four Israeli hostages from Gaza.
Israel is testing DNA samples to confirm they are the remains of Shlomo Mansour, 86, Ohad Yahalomi, 50, Tsachi Idan, 50, and Itzik Elgarat, 69, all of whom were taken by Hamas in the 7 October 2023 attacks.
Israel is due to release more than 600 Palestinian prisoners once the remains are identified.
It will be the final exchange of the first phase of the ceasefire deal, which is due to end on Saturday.
[BBC]
Latest News
Zelensky to meet Trump in Washington to sign minerals deal
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Ukrainian President Volodymyr Zelensky will meet US President Donald Trump in Washington on Friday to sign an agreement on sharing his country’s mineral resources, Trump has said.
Zelensky has described the bilateral deal as preliminary, and said he wants further agreements which include US security guarantees to deter renewed Russian aggression.
But Trump said the US would not provide guarantees “beyond… very much”, saying the responsibility should instead fall to Europe.
Trump also seemingly ruled out the prospect of Ukraine becoming a Nato member – one of Zelensky’s long-held ambitions.
Speaking at a meeting of his cabinet on Wednesday, Trump said the presence of American workers extracting rare earth metals on Ukrainian soil would provide “automatic security” for Ukraine.
He said Kyiv should “forget about” joining Nato and repeated Russia’s claims that the issue was one of the driving factors behind the war.
The US president suggested a ceasefire between Ukraine and Russia was not far off, telling reporters: “We’re going to make a deal with Russia and Ukraine to stop killing people.”
But Zelensky said without security guarantees “we won’t have a ceasefire, nothing will work, nothing”.
“I want to find a Nato path or something similar,” he said.
Russia has consistently opposed the idea of Ukraine becoming a member, fearing it would bring Nato forces too close to its borders.
In 2008, the alliance had said that Ukraine could eventually join.
Zelensky said the success of the minerals deal, which was formally backed by his government on Wednesday evening, would depend on the outcome of his meeting with Trump this week.
Key details have not yet been made public, but Ukrainian Prime Minister Denys Shmyhal said it envisages an “investment fund” for Ukraine’s reconstruction.
The prospect of a deal was first proposed by Zelensky last year as a way to offer the US a tangible reason to continue supporting Ukraine.
But disagreements over its substance exacerbated tensions between Trump and Zelensky in recent weeks.
The Ukrainian president had rejected an initial request from the US for $500bn (£395bn) in mineral wealth, but media reports suggest this demand has now been dropped.
There are also differences in how both sides are now describing the deal. Trump has lauded the “very big agreement” as an opportunity for the US to get its “money back” after funding aid to Ukraine.
But Zelensky has instead referred to it as a “framework agreement” upon which he hopes further deals can be made.
Trump has said he wants a quick end to the war in Ukraine and has sought to reset relations with Russia. After a phone call with Russian President Vladimir Putin, the two leaders sent delegations to Saudi Arabia in bilateral talks which excluded Ukraine.
In response, Zelensky accused the US of helping Putin “break out of years of isolation” and Trump of living in a “Russian disinformation space”.
Ukraine is a country rich in natural resources. Kyiv estimates that about 5% of the world’s “critical raw materials” are there. But accessing some of these resources will not be completely straightforward.
Some of the mineral deposits have been seized by Russia. According to Yulia Svyrydenko, Ukraine’s economy minister, resources worth $350bn (£277bn) remain in occupied territories today.
There are warnings too that Ukraine first needs to addresses its problem with unexploded mines before striking a deal with the US.
A quarter of Ukraine’s landmass is estimated to be contaminated with landmines, mainly concentrated in the war-torn east of the country.
UK Prime Minister Sir Keir Starmer will also be meeting both Trump and Zelensky separately this week to discuss the war in Ukraine.
He was due to arrive in Washington on Wednesday.
[BBC]
Latest News
All-round Sciver-Brunt and bowlers give Mumbai third straight win
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Nat Sciver Brunt put on an exceptional all-round show to propel Mumbai Indians to top of the table with an eight-wicket win over UP Warriorz in Bengaluru. She took three wickets and followed it up with an impressive and unbeaten 75 off 44 balls to chase down the target of 143 with 18 balls remaining.
Warriorz initially rode on the efforts of Grace Harris’ quickfire 45 and Vrinda Dinesh’s solid 33 but lost eight wickets for 54 runs to eventually end up with a below-par total.
Sciver-Brunt and Hayley Matthews stitched together a solid 133-run stand for the second wicket and made the chase look easy. Though Matthews struggled her way to a 50-ball 59 after getting a life early on, Sciver-Brunt’s boundary-laden knock made sure MI raced to their third win in four attempts. Warriorz are fourth on the points table now with two wins after five games.
With 252 runs from four matches, Sciver-Brunt is now the leading run scorer of this WPL, overtaking Ellyse Perry’s 235.
She came in early when MI were 6 for 1 in the fourth over, with Matthews struggling to get her timing and rhythm back. Chinelle Henry was swinging the ball both ways, making it difficult to score off in the powerplay. But Sciver-Brunt took only five balls to prove that wrong.
She welcomed Saima Thakor with a hat-trick of fours in the sixth over by sending the ball to long-on, deep square leg and deep cover. She played deep in the crease, put her bottom hand to good use and effortlessly maneuvered the ball to both sides of the pitch.
When there was width on offer, she cut fiercely, and when the length was short, she pulled behind and in front of square and toyed with the Warriorz bowlers. She brought up her fifty off 29 balls with nine fours and brought the equation down to 54 off 47 balls. This included a hat-trick of fours off Henry as well, in the 11th over.
From there, it was cakewalk for MI as Matthews also found her feet and started hitting boundaries. Overall, Sciver-Brunt struck 13 fours in her 44-ball stay.
After four matches, Warriorz took a cue from the WBBL and the Hundred and promoted Harris to open for the first time in WPL after her struggles in the middle order. The move felt just right as she looked in her element from the start.
With Navgire falling in the first over, it was up to Harris and Vrinda to steady the innings on a pitch that was holding up a bit, and the duo shared 79 runs off 52 balls to give Warriorz a solid start.
Harris began with a scoop against Sciver-Brunt and punished Shabnim Ismail for three fours on the bounce in the second over. She kep attacking and smashed 6, 4, 4, 6 off Matthews in the fourth. She swept and pulled towards square leg, muscled the ball to long-on, and rolled her wrists to bisect the gap between mid-on and midwicket.
On the other hand, Vrinda – who had scored only 40 in the previous four matches – looked in much better touch and played second fiddle to Harris. She played a lofted cover drive elegantly to start the third over and followed it with a hook in the same over. Unlike Harris, Vrinda found boundaries on the off side with classy cover drives in her 30-ball 33.
The first two partnerships gave Warriorz 81, the most for them in this WPL so far.
It was something the Warriorz captain Deepti Sharma had admitted recently, that they needed to do better in the middle overs. But they couldn’t as Warriorz squandered a strong start by losing wickets in heaps, again, to lose the plot. From 81 for 1, they collapsed to 123 for 7, losing five of those wickets in the middle overs for 30 runs.
It began when Amelia Kerr removed Harris in the 10th over after the batter was dropped on 44 by Ismail off Jintimani Kalita in the previous over. Offspinner Sanskriti Gupta then bowled a momentum-changing 11th over when she dismissed both Vrinda and Tahlia McGrath in the space of four balls. Warriorz slowed down and did not quite recover after that over.
Overall, they have lost the most wickets (24) in the middle overs (7 to 16) in this WPL so far and have been the slowest too (6.72) in that phase. With no individual brilliance rescuing them this time, their streak of two losses was broken.
Brief scores:
Mumbai Indians Women 143 for 2 in 17 overs (Nat Sciver-Brunt 75*, Hayley Matthews 59; Sophie Ecclestone 1-29, Deepti Sharma 1-25) beat UP Warriorz Women 142 for 9 in 20 overs (Grace Harris 45, Dinesh Vrinda 33, Shweta Sehrawat 19, Uma Chetry 13; Nat Sciver-Brunt 3-18, Shabnim Ismail 2-33, Hayley Matthews 1-38, Amelia Kerr 1-24, Sanskriti Gupta 2-11) by eight wickets
[Cricinfo]
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